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CEIX - CCR Report Q-3 2018Numbers are favorable ..... CCR specifics. Key points. Net income, $8.6 million; Adjusted EBITDA $21.8 million; Distribution coverage ratio of 0.7x; Net leverage ratio of 1.4x; Strongest third quarter production in the history of the Pennsylvania Mining Complex (PAMC). ****************** CAGR Cash from ops. (past 5 qrts.): ~ -12%; CAGR Cash from ops. (1.5 yrs.): ~ +24.8% (assumes 3, 6-month periods @ ~ 76, 86, and 107, includes Q-3 2018; DCF growth (past 5 qrts): ~ +64% (less CAPX for the quarter - 3 long wall moves & party time off), coverage ratio ~ 0.76 (assumes CAPX for the quarter) My suggested 1-yr. target price range on CCR, ~20.75 - 25, assuming cash from ops. choked at ~ 25% CAGR, for 20% upside, target buy at ~17 Additional details. CEIX details. |
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